Ivalua, the enterprise AI platform for procurement, is proud to announce that it has earned the prestigious EcoVadis Gold Medal for the second year in a row, further improving its score from 79 to 85 out of 100. Only 2% of businesses assessed by EcoVadis achieved this level over the previous 12 months.
EcoVadis is the world’s largest provider of business sustainability ratings. It evaluates over 175,000 companies globally on how they integrate ESG across criteria including environmental impact, labor & human rights, ethics, and sustainable procurement.
The score increase was driven by progress across environmental, social, and governance areas. Ivalua streamlined global recycling and reuse processes, partnered with Climeworks to remove 600 tonnes of CO2 using Direct Air Capture technology and nature-based solutions, launched an employee-led volunteering program across five countries, and recently published its new Corporate Sustainability Report in accordance with GRI Standards, achieving the highest levels of reporting compliance and transparency.
Furthermore, Ivalua continued parallel investments in Green IT and internal sustainable procurement processes to advance sustainability with partners, suppliers and customers. For example, a major global retailer leverages Ivalua as its global platform to quantitatively assess 100% of their supply chain against their broad set of sustainability criteria.
“As we partner with leading organisations worldwide to build sustainable and efficient supply chains, we are committed to holding ourselves to those same rigorous standards. Earning the EcoVadis Gold Medal for the second consecutive year, with a further score improvement, is proof of our collective efforts and the momentum we keep building,” said Franck Lheureux, CEO of Ivalua.
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